Several T&N units to survive bankruptcy - Kroll

Newswire

LONDON, Feb 20 (Reuters) - Seven out of 13 original trading sites at UK auto supplier firm Turner & Newall will emerge from bankruptcy in mid-2006, the company's UK administrator Kroll told Reuters on Monday. Kroll has already closed three of T&N's original 13 units, cutting by 1,500 an original staff of 4,000, and it is in talks with staff and unions to close a further three, administrator Simon Freakley said. Kroll had previously earmarked the first half of 2006 for the ...

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